Australian property developer Goodman Group hosted the groundbreaking for Interlink, its landmark warehouse and distribution development in Hong Kong’s Tsing Yi port district on 4 March. Valued at more than HKD4 billion (USD515.2 million), Interlink is one of the largest industrial development projects currently being undertaken in the world. Once completed in January 2012, the 2.4 million-sq.-ft development will be the fourth largest warehouse in Hong Kong.
Over 1.2 million sq. ft, approximately half of Interlink’s total gross lettable area (GLA), has been preleased and optioned to two global logistics operators – DHL Supply Chain (Hong Kong) Ltd and Yusen Air & Sea Services (Hong Kong) Ltd. Goodman is also in negotiations with other international logistics players, equivalent to 77 percent of Interlink’s GLA.
Supply of efficient warehousing space in Hong Kong is increasingly constrained as demand grows and existing buildings are converted to residential and commercial use. Strategically located close to Hong Kong’s container ports, the international airport and major highways to mainland China, Interlink will introduce approximately 5 percent of prime new space to the local market.
Interlink will be built in compliance with both the Hong Kong Building Environmental Assessment Method and the Leadership in Energy and Environmental Design (LEED) Green Building Rating System, with the aim of being the first of its type to obtain such accreditations in Hong Kong.
"Besides business efficiency, this new facility is strategically aligned with our GoGreen strategy," said Greg Goodman, CEO of Goodman Group. "As the world’s leading logistics company, we have taken on a leadership role in mitigating the effects of our industry on the environment and making a positive contribution to climate protection."
Copyright 2010 PR Newswire. All Rights Reserved.
(Source: PR Newswire)